EOS is a top-tier blockchain project that attracted significant attention upon its launch in 2018 due to its unique consensus mechanism and high performance, even setting a record with $4.1 billion in ICO fundraising. However, its development faced challenges, with limited results in ecosystem construction and a continuous decline in coin price. Additionally, the project came under investigation by the U.S. Securities and Exchange Commission for its ICO, leading the founder to shift focus to other areas, resulting in a gradual loss of interest in EOS.

In an effort to overcome these difficulties and seize opportunities in Web3 finance, EOS Network officially announced its rebranding to Vaulta on March 18, 2025, transitioning fully to Web3 banking services. The original EOS tokens will be exchanged for the new Vaulta tokens at a 1:1 ratio, with completion expected by the end of May 2025.

Vaulta will utilize the existing EOSIO technology architecture, establish a banking advisory committee, and combine traditional finance with blockchain technology. It will also collaborate with projects like exSat to provide fast and efficient cross-chain trading solutions, creating a comprehensive Web3 banking operating system that includes wealth management, consumer payments, portfolio management, and insurance, in order to regain its position in the market.